Equity withdrawals plummet by 64% - Finance & Money Forums

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Equity withdrawals plummet by 64%

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07-03-2008, 08:07 AM

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Equity withdrawals plummet by 64%

According to figures from the Bank of England, the amount of money homeowners are borrowing on their houses has plummeted by 64% in the first three months of 2008.Housing equity withdrawal, which is when homeowners take out larger mortgages to spend on things other than their home, fell to £5.043 billion.The figure represents the [...]

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